
Metal 3D Printing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology, By Software, By Application, By Vertical, By Region, And Segment Forecasts, 2022 - 2030
Description
Metal 3D Printing Market Growth & Trends
The global metal 3D printing market size is expected to reach USD 22.60 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 23.9% from 2022 to 2030. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.
The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as the growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are again major factors behind the greater adoption of the technology across various industry verticals.
Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications. Additive manufacturing is anticipated to evolve over the forecast period.
The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.
The metal 3D printing technology happens to be a capital-intensive technology. At the same time, manufacturers are holding misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.
Metal 3D Printing Market Report Highlights
The global metal 3D printing market size is expected to reach USD 22.60 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 23.9% from 2022 to 2030. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.
The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as the growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are again major factors behind the greater adoption of the technology across various industry verticals.
Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications. Additive manufacturing is anticipated to evolve over the forecast period.
The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.
The metal 3D printing technology happens to be a capital-intensive technology. At the same time, manufacturers are holding misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.
Metal 3D Printing Market Report Highlights
- North America accounted for the largest revenue share in 2021 owing to the technology’s early and greater adoption rate. The region is predicted to witness steady growth over the forecast period as the U.S. emerged as the highest revenue generating country in 2021
- Increasing adoption of metal 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly
- Asia Pacific, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea
Table of Contents
250 Pages
- Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.2 Report Scope and Assumptions
- 1.3 Research Methodology
- 1.4 List to Data Sources
- 1.5 Information procurement
- 1.6 Information analysis
- 1.7 Market formulation & data visualization
- 1.8 Data validation & publishing
- Chapter 2 Executive Summary
- 2.1 Metal 3D Printing Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Global Metal 3D Printing Market Shipment, by Technology, 2017 - 2030 (Units)
- 2.3 Global Metal 3D Printing Market ASPs by Technology, 2017 - 2030 (USD)
- Chapter 3 Industry Outlook
- 3.1 Metal 3D Printing Market Size and Growth Prospects
- 3.2 Metal 3D Printing-Value Chain Analysis
- 3.3 Metal 3D Printing Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Prototyping, product development, innovation, and time-to-market
- 3.3.1.2 Benefits of 3D printing
- 3.3.1.3 Commercialization of the technology
- 3.3.2.3 Specific material requirements and longer built time
- 3.3.3 Market opportunity analysis
- 3.3.3.1 Untapped end-use industry verticals and markets such as printed electronics and 3D printing under water
- 3.3.3.2 3D printing in construction medical implants and under water printing
- 3.3.3.3 Increasing penetration of 3D printing technology in emerging countries
- 3.3.1.4 Increasing demand from aerospace and defense sector
- 3.3.2 Market restraint analysis
- 3.3.2.1 Capital Intensive Technologies and High Material Prices
- 3.3.2.2 Unavailability of Standard Process Controls and Misled Industry Participants
- 3.4 Regulatory Framework
- 3.5 Key Opportunities - Prioritized
- 3.6 Metal 3D Printing - Key Company Analysis, 2021
- 3.6.1 3DSystems, Inc.
- 3.6.2 Autodesk, Inc.
- 3.6.3 Materialise NV
- 3.7 Metal 3D Printing Market Analysis - Porter’s
- 3.8 Metal 3D Printing Market Analysis - PEST
- 3.9 Impact of COVID-19 on the 3D Printing Market
- 3.10 Standards related to 3D printing
- 3.11 Recent technology trends in 3D Printing
- 3.12.1 Power Bed Fusion Technology
- 3.12.2 Flight Technology
- 3.12.3 Fluxprint Technology
- 3.12 Metal 3D Printing Market: Filament & Powder Form Analysis
- 3.12.1 Powder Form Particles Size Range Analysis For 3d Printing Application
- 3.12.2 Average Selling Price (Usd/Kg) And Volume (Tons) For 3d Printing Metal Powder, 2021
- 3.12.3 Average Selling Price (Usd/Kg) And Volume (Tons) For 3d Printing Metal Filament, 2021
- Chapter 4 Market Estimates & Trend Analysis
- 4.1 Metal 3D Printing Market: Component Movement Analysis
- 4.1.1 Hardware
- 4.1.2 Software
- 4.1.3 Services
- Chapter 5 Market Estimates & Trend Analysis
- 5.1 Metal 3D Printing Market: Technology Movement Analysis
- 5.1.1 Selective Laser Sintering
- 5.1.2 Direct Metal Laser Sintering
- 5.1.3 Inkjet Printing
- 5.1.4 Electron Beam Melting
- 5.1.5 Laser Metal Deposition
- 5.1.6 Laminated Object Manufacturing
- 5.1.7 Electron Beam Freeform Fabrication
- 5.1.8 Selective Laser Melting
- Chapter 6 Market Estimates & Trend Analysis
- 6.1 Metal 3D Printing Market: Software Movement Analysis
- 6.1.1 Design Software
- 6.1.2 Inspection Software
- 6.1.3 Printer Software
- 6.1.4 Scanning Software
- Chapter 7 Market Estimates & Trend Analysis
- 7.1 Metal 3D Printing Market: Application Movement Analysis
- 7.1.1 Prototyping
- 7.1.2 Tooling
- 7.1.3 Functional Parts
- Chapter 8 Market Estimates & Trend Analysis
- 8.1 Metal 3D Printing Market: Vertical Movement Analysis
- 8.1.1 Automotive
- 8.1.2 Aerospace & Defense
- 8.1.3 Healthcare
- 8.1.4 Consumer Electronics
- 8.1.5 Power & Energy
- 8.1.6 Others
- Chapter 9 Market Estimates & Trend Analysis
- 9.1 Metal 3D Printing Market, By Region, 2021 & 2030
- 9.2 Regional movement analysis, 2021 & 2030
- 9.3 North America
- 9.3.1 U.S.
- 9.3.2 Canada
- 9.3.3 Mexico
- 9.4 Europe
- 9.4.1 U.K.
- 9.4.2 Germany
- 9.4.3 France
- 9.4.4 Italy
- 9.4.5 Spain
- 9.5 Asia Pacific
- 9.5.1 China
- 9.5.2 Japan
- 9.5.3 India
- 9.5.4 South Korea
- 9.5.5 Singapore
- 9.6 South America
- 9.6.1 Brazil
- 9.7 MEA
- Chapter 10 Competitive Analysis
- 10.1 Recent Developments & Impact Analysis, By Key Market Participants
- 10.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 10.3 Vendor Landscape
- 10.3.1 Key company market share analysis, 2021
- 10.4 Company Analysis Tools
- 10.4.1 market position analysis
- 10.4.2 Competitive Dashboard Analysis
- Chapter 11 Competitive Landscape
- 11.1 3D Systems, Inc.
- 11.1.1 Company overview
- 11.1.2 Financial performance
- 11.1.3 Product benchmarking
- 11.1.4 Recent developments
- 11.2 Arcam AB
- 11.2.1 Company overview
- 11.2.2 Financial performance
- 11.2.3 Product benchmarking
- 11.2.4 Recent developments
- 11.3 Autodesk, Inc.
- 11.3.1 Company overview
- 11.3.2 Financial performance
- 11.3.3 Product benchmarking
- 11.3.4 Recent developments
- 11.4 EOS (Electro Optical Systems) GmbH
- 11.4.1 Company overview
- 11.4.2 Product benchmarking
- 11.4.3 Recent developments
- 11.5 ExOne
- 11.5.1 Company overview
- 11.5.2 Financial performance
- 11.5.3 Product benchmarking
- 11.5.4 Recent developments
- 11.6 GE Additive
- 11.6.1 Company overview
- 11.6.2 Financial performance
- 11.6.3 Product benchmarking
- 11.6.4 Product benchmarking
- 11.7 Materialise NV
- 11.7.1 Company overview
- 11.7.2 Financial performance
- 11.7.3 Product benchmarking
- 11.7.4 Recent Developments
- 11.8 Matsuura Machinery USA Inc.
- 11.8.1 Company overview
- 11.8.2 Product benchmarking
- 11.8.3 Recent developments
- 11.9 Optomec, Inc.
- 11.9.1 Company overview
- 11.9.2 Product benchmarking
- 11.9.3 Recent developments
- 11.10 Renishaw plc.
- 11.10.1 Company overview
- 11.10.2 Financial performance
- 11.10.3 Product benchmarking
- 11.11 SLM Solutions
- 11.11.1 Company overview
- 11.11.2 Financial performance
- 11.11.3 Product benchmarking
- 11.11.4 Recent developments
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